Owners Tata Sons and Singapore Airlines are reportedly planning to infuse Rs 250 crore via rights issue into the airlines to aid these plans. Last month, Rs 150 crore has been invested into the company.
Shikha Sharma, MD & CEO of Axis Bank pointed out that while strategic debt restructuring (SDR) is done in companies that are stressed and therefore banks need to convert it to equity to take more active steps; 5/25 is done purely to fix the disparity in the financing structure.
In an interview with CNBC-TV18, Rana Kapoor, MD & CEO of Yes Bank says that YES Bank is focusing on retail and SMEs segments to expand its consumer business.